AI network startup Eridu completes $200 million Series A funding, led by Socratic Partners and others

CryptoWorld News reports that on March 10, AI network startup Eridu completed a $200 million Series A funding round oversubscribed. Leading investors include Socratic Partners, renowned venture capitalists John Doerr, Matter Venture Partners, Hudson River Trading, Capricorn Investment Group, SBVA, MediaTek, Bosch Ventures, TDK Ventures, Eclipse, and VentureTech Alliance (the investment platform of semiconductor giant TSMC). The company stated that to date, Eridu has raised a total of $230 million. Co-founder and CEO Drew Perkins has been involved in computer network technology development and startup creation since the early days of the internet. He participated in creating the Point-to-Point Protocol (PPP), which became a key component of TCP/IP, the core protocol that powers the internet. Eridu is developing a switch that integrates more functions onto chips. Drew Perkins said, “This will save a lot of energy and costs, and significantly improve network reliability because optical devices are the least reliable part of the network.” He added, “GPU computing power and memory bandwidth increase about tenfold each year, while data center switches from companies like Broadcom, Marvell, and Cisco only improve 2-3 times every 2-3 years.”